Is there such a thing as 'not suited for trading'?
- by Anna K.
Just like with any other activity and way to earn money, there are people who can and who cannot. For example, there are people who can communicate with others, who can talk, listen and connect with other people and there are people who can’t imagine doing that at all.
There are people who can operate heavy machinery and those who do not get terrible headaches from all the noise and there are people who prefer the quiet atmosphere of the office.
We all are different and of course there are people who can trade and those… but wait.
Is there such a thing as ‘not-suited’ for trading or are we just lacking in knowledge and patience?
Can someone really be not suited for trading or is it a skill that anyone can master, like cooking, for example?
Well, all I can say is that there are tons and tons of people who prefer not to trade and earn their estate in some other way. But trading really does give you the possibility to earn your annual income in a matter of days or weeks, depending on your risk tolerance, your strategy and your overall desire to be profitable and earn extra cash on the side. And trading, having been around for a long time now, has a lot of materials that you can use for studying and trying to understand trading more and more.
So, can you be unfit for trading?
Well, define trading. There are several different types of trading which are going to require you different set of skills, but good news here is that all of them require the same understanding of the basic things.
There is currency trading. I would say that this is the toughest one to crack and the most difficult type of trading. You need to study a lot of information, a lot of patterns and a lot of terms in order to feel comfortable in currency markets. You need to religiously follow the rules and the news in order to know and understand all of the movements of the market.
There are commodities – they are tied to currencies very tightly, but these are a bit simpler to traders to master, although oil can give you unnecessary jitters, I should say. All of the supply fights and uncertainties are really going to get under your skin at some point.
And there are stocks. These are not going to require a lot from you. Stocks are probably the easiest of them all. All you need to do is to choose a stock that you want to trade with and only follow information about it. Of course with any type of trading you are going to meet difficulties, but you can minimize their quantity by choosing the right type of the asset for trading.
The right choice here is going to be your ticket into your trading future. A lot of traders fail and stop as they think that they are not suited for trading at all by choosing the currency market and stopping altogether. But you need to try all of the assets before making your final decision and if you are not enjoying the process even after everything has already been tried, then you can easily, with no doubt say – trading is clearly not for me.
And be not afraid. There is no shame in being not-suited for trading. As I said, it is absolutely normal for every activity and every job, you just need to try it all and only after that make an informed decision.
And, keep looking for additional things that are going to help you with the process. For example, our website gives you trading signals as well as all the trading information about your chosen assets whenever you need it in the form of trading signals. They are really going to ease your possible difficulties and are going to provide you with a lot of comfort when it comes to volatile trading.
Give trading a chance and we are going to help you with everything you might need!